Skip to content

US PPI — Paperboard, Excluding Corrugated Paperboard in Sheets and Rolls

Producer Price Index for paperboard other than corrugated paperboard in sheets and rolls, a WPU0914 series distinct from WPU091405 (Corrugated Paperboard in Sheets and Rolls, Lined and Unlined). The component WPU09141107 (Unbleached Kraft Packaging and Industrial Converting Paperboard) is listed separately.

401.479+1.4% m/m+6.8% y/y+23.5% 5y

Sep 2026 value · Next print expected around Nov 2026 · Source: BLS

Price history

Sep 2026 · latest401.479+23.5%since Sep 2021
30032034036038040042020222023202420252026401.5
Move along the line to read any month

Copy the values

Paste straight into Excel, Google Sheets or an email. Spreadsheet format lands as two columns.

Range
Format

Preview13 rows, newest first. Click a value to copy it.
MonthValueChange m/m
Sep 2026+1.4%
Aug 2026+2.8%
Jul 2026+0.8%
Jun 2026+0.2%
May 2026+1.9%
Apr 2026−0.3%
Mar 2026−0.1%
Feb 2026−0.7%
Jan 2026+0.1%
Dec 2025+0.0%
Nov 2025−0.2%
Oct 2025+0.9%
Sep 2025−0.1%

Same numbers as the chart, straight from BLS. Dates are the first of each period, the way BLS reports them.

How it's built

Paperboard rose 6.8% over the last 12 months, but 1 of its main inputs rose faster: corrugated recyclable paper +18.4%. That cost pressure may still pass through to prices.

Pulp, paper, and allied productsPulp, paper, and prod., ex. bldg. paperPaperboard

WPU091411Paperboard, Excluding Corrugated Paperboard in Sheets and Rolls401.479Sep 2026 · +6.8% over 12 months

How it follows the wood pulp price index

Paperboard, Excluding Corrugated Paperboard in Sheets and Rolls against the wood pulp price index, both set to 100 in the first month they share
Sep 2026WPU091411 156Wood pulp price index 131
7510012515020182020202220242026

Sources: WPU091411 (Paperboard, Excluding Corrugated Paperboard in Sheets and Rolls); BLS WPU0911.

Since 2016, this index has followed the wood pulp price index about one month later and moved about a third as far as it over a year.

Over the 12 months to Sep 2026, the wood pulp price index rose 0.3% and this index rose 6.8%.

Key figures

Since Dec 2016
+58.3%
253.6 to 401.5
12-month volatility
±1.0%
std. dev. of monthly change
Largest monthly rise
+4.0%
Oct 2021
10% cap would bind
0 of 36
months, annual base reset
  • From Dec 2016 to Sep 2026 the index went from 253.6 to 401.5, a change of +58.3%.
  • Highest reading in that period: 401.5 in Sep 2026. Lowest: 253.6 in Dec 2016.
  • Largest one-month rise: +4.0% in Oct 2021. Largest one-month fall: -2.9% in May 2023.
  • The year-over-year change stayed within 10% either way in each of the last 36 months, so a 10% annual cap or floor would not have been reached.

Use it in a contract

Draft clause citing this series

A starting point citing this series by name and code. Replace the bracketed terms with your contract's actual scope before use.

The [affected portion] of the Contract Price shall be adjusted using US PPI — Paperboard, Excluding Corrugated Paperboard in Sheets and Rolls (BLS series WPU091411), published by BLS.

Base Period: the index value published for September 2026 (or the month of contract signing, if different) is the Base Value.

Adjustment: at each Adjustment Date, the Current Value is the most recently published three-month average of the index (the Averaging Window). The Escalation Factor equals Current Value divided by Base Value.

Cap: the Escalation Factor applied under this clause shall not exceed 1.10 or fall below 0.90 (a 10% cap and floor) in any single Adjustment Date, regardless of the index's actual movement.

[Replace bracketed terms with your contract's actual affected-portion definition and adjustment-date schedule before use. This is a drafting starting point, not legal advice.]
Why contracts cite this index

Folding carton and consumer packaging supply contracts name this series when the board is not corrugated. It is the broader board group, so a contract that buys one grade should check whether a narrower series in the same family fits better.

How this index is used (1 guide)

How do you calculate a paperboard price escalation clause using the PPI?

Divide the current value of BLS series WPU091411 (Paperboard, Excluding Corrugated Paperboard in Sheets and Rolls) by its value at contract signing, then apply that ratio to the paperboard part of the price. A usable clause also names an averaging window, a rule for revised values and missing months, and a cap.

Let Escalake run this clause for you

Escalake tracks US PPI — Paperboard, Excluding Corrugated Paperboard in Sheets and Rolls, applies your formula, and gives both sides a number they can confirm, no spreadsheet required.